The biggest threat to liberal democracy isn't what you think it is
When the Beijing Winter Olympics begin next week, many in the cryptocurrency world will be watching.
Overview
PayPal Coin could be the next project that the e-payments giant presents to the world: A stablecoin backed by american…
Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Payments, Transfers, Rewards
Alex Vronces: Follow the money, but also look in the mirror
Mox | Alex Vronces | Feb 16, 2022
The biggest threat to liberal democracy isn't what you think it is
The biggest threat to liberal democracy is not what most people are saying it is. It’s not the “freedom convoy” that is calling for an end to mobility restrictions and vaccine mandates. Yes, many of them are wacky. If you spent as much time as I did scrolling through your Twitter feeds, you’d have found a video of a naked man army-crawling across a cement road, in a crowd of protesters cheering him on, with party music blaring to the discontent of Ottawa’s downtown residents. The video has since been taken down. It’s wacky, but it’s not democracy-destroying. And neither is the chattering class of cottage-dwelling MacBook-wielders, who are calling for authorities to suppress what the New York Times’ editorial board called legitimate democratic expression. These people need to take a breath and count to ten more than they need a refresher in political philosophy.
See: PM Trudeau Invokes Emergencies Act Catching Protester Firms including Crypto in Crossfire
The biggest threat to liberal democracy is the poor state of our public institutions. Law enforcement and our governments should have drawn the line weeks ago. Honking your horns on Parliament Hill in the late afternoon, and occupying a small strip of Wellington Street? Go ahead. That’s a liberal democratic vibe. Breaking decibel metres in the middle of the night, and blocking the Canada-United States border? Truck around and find out. But our public institutions were so busy pointing the finger at each other that they didn’t have any hands left to draw the line, let alone hold it.
That we let things get bad enough to invoke the Emergencies Act is as clear a sign as ever that our public institutions aren’t up to snuff. Along with its emergency powers, the federal government announced a slew of measures to follow the money: authorizing banks to cut suspected funders of civil disobedience from their bank accounts, and forcing crowdfunding platforms and payment processors to register with our financial intelligence and crime unit, FINTRAC. The private sector’s role in all of this—the good and the bad—has been under the looking glass for a while now. Recently, a parliamentary committee on public safety and national security agreed to study the role of the private sector in funding extremism. The usual suspects were named: social media, crowdfunding platforms, payment processors.
Calls to follow the money are fine. But where are the other calls? We should ask whether private institutions had a hand in this, but we should also ask why public institutions have a record of being outperformed by their private counterparts. GoFundMe, the original crowdfunding platform for the “freedom convoy,” froze almost $5 million in donations on January 25 because its terms and conditions were being violated. It wasn’t until February 10 that the Ontario government froze the funds being raised on GiveSendGo, an alternative crowdfunding platform the convoy’s enablers started using. Now the convoy has turned to bitcoin. It’s a game of whack-a-mole the government can’t keep up with.
See: NCFA Advocacy | Industry Research & Reports
Our public institutions lack capacity because we don’t invest in them to meet future logistical challenges. For example, the extraordinary power the government has exercised to follow the money didn’t have to be extraordinary. It probably could have been a business-as-usual power if the federal government had passed the Retail Payment Activities Act when it was supposed to. Passed in 2021 but not yet in effect, the RPAA will give the federal government the power to shut down any payment service provider, whether that’s for “prescribed” reasons or for reasons related to national security. This potentially broad power wouldn’t be invoked lightly, but then again, neither should the Emergencies Act.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Apple announces tap-to-pay contactless payments on iPhone
TechCrunch | Aisha Malik | Feb 8, 2022
Apple has announced plans to introduce a new Tap to Pay feature for iPhone that turns the device into a contactless payment terminal. The company says that later this year, U.S. merchants will be able to accept Apple Pay and other contactless payments, including Google Pay, by using an iPhone and a partner-enabled iOS app.
The feature will be enabled for the iPhone XS and later models. Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps as a payment option for their customers. Stripe will be the first payment platform to offer Tap to Pay on iPhone to customers through a new Shopify app. Apple says additional payment platforms and apps will follow later this year.
See: Meta’s WhatsApp has launched a crypto payments U.S. pilot
Once Tap to Pay on iPhone launches, merchants will be able to unlock contactless payment acceptance through a supporting iOS app. At checkout, the merchant will ask the customer to hold their iPhone or Apple Watch near the merchant’s iPhone and the payment will then be securely completed using NFC technology. No additional hardware is required to accept contactless payments. Apple also says that with Tap to Pay on iPhone, customers’ payment data is protected and that all transactions that are made through the feature are encrypted.
“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, in a statement.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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E-CNY to be accepted at this month’s games, as over 80 countries work towards a CBDC
When the Beijing Winter Olympics begin next week, many in the cryptocurrency world will be watching.
That’s because China’s new digital yuan, the first central bank digital currency in a major economy, is expected to see wider use during the games.
The People’s Bank of China has been ramping up testing on the currency. A digital wallet has already appeared on app stores. The currency is still, of course, in a trial phase, but the Olympics — during which the digital yuan is expected to be made available to foreign athletes — are a chance to expand its reach.
See: Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individuals
It’s a test, but not just for China. Canada is creating a digital currency, even if it says it might not issue it. The U.S. is studying the idea, even if the Federal Reserve Chair Jerome Powell seems to be lukewarm. Governments all over the world are considering their own digital currencies. They will all be watching China’s implementation and execution of it.
And there is a lot to watch. Observers have already pointed out that such a digital currency would give China broad new powers when it comes to surveillance and controlling its population. A U.S. lawmaker has urged athletes not to use it. We may not get a lot of meaningful information in just two weeks, but the Olympics will mark the start of new attention paid to China. Governments around the world may shift their attitudes on the central bank digital currencies based on how the digital yuan is used and whether it succeeds.
See: China’s CBDC Now Has 261 Million Users with $14 Billion in completed Transactions
Around the world, the idea of central bank digital currencies is being studied, and only that. Smaller economies have launched digital currencies, but largely in symbolic or half-hearted ways. Much of the discourse is still focused on theory. How will such a digital currency actually function on a large scale in a major economy? China’s execution of its digital yuan represents the first practical example.
For China, a lot is obviously riding on this Olympic trial, with the eyes of the world watching. But how China’s citizens use the digital yuan long-term will have bigger implications for central banks around the world.
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financial news | Jeremy Chan | Feb 1, 2022
Winter Olympics spotlight Beijing’s digital yuan: Will China’s CBDC plans push others to move faster?
Central bank digital currencies will get some international limelight over the next couple of weeks as China plans to test its digital yuan at the Beijing Winter Olympics.
The e-CNY has been in a public pilot for nearly two years, available to residents in 10 cities including Shanghai, Shenzhen and Xi’an. Nearly $14bn of transactions have been made using the digital currency, according to a People’s Bank of China official.
The digital yuan is a retail CBDC meant for domestic use. It requires a Chinese bank account. However, international visitors will be allowed to use the currency during the two-and-a-half-week sporting event.
See: PBOC White Paper: e-CNY’s Path to Cross-Border Payments
According to Washington-based think tank, the Atlantic Council, 87 countries making up 90% of global GDP are exploring CBDCs. Of these, nine have launched a digital coin, while 14 are in a pilot phase.
The Bank of International Settlements — the ‘bank for central banks’ — said 13 out of its 17 Innovation Hub projects that are active or will be launched this year are related to CBDCs and improvements in the payments system. The bank’s London hub, which opened last year, will look at developing a platform to store, transfer and make payments using retail CBDCs for consumer and business use.
“[Central banks] are not all that neutral,” said Cédric Wahl, co-founder of Secretarium, a blockchain lab for banks and winner of a CBDC competition hosted by the Monetary Authority of Singapore.
He told Financial News that discussion papers like the Fed’s serve as recommendation roadmaps.
“[The U.S. is] letting themselves be guided because they don't have a mission statement. In essence, they need legislation to go forward.”
China’s role in pushing CBDCs
See: Alt-M Analysis: Where the U.S. Feds CBDC Proposal Goes Wrong
The caution on pace is deliberate, but a full rollout of China’s CBDC could likely accelerate timetables.
“The People's Republic of China is moving much faster than anybody else,” said Wahl. He noted that Beijing’s CBDC is one of the major factors pushing the US to create a digital dollar.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Alt-M Analysis: Where the U.S. Feds CBDC Proposal Goes Wrong
Alt-M | | Jan 22, 2022
The Fed's long-awaited report on central bank digital currencies is finally out. Although the report makes it clear that the Fed has no immediate plans to issue a digital currency, it does point to the approach the Fed would be inclined to take were it to do so.
That approach would have the Fed supply a retail digital currency to the general public indirectly, using private-sector financial intermediaries, including but not limited to commercial banks, as its agents. Those private intermediaries would then be responsible for managing customers' central bank digital currency (CBDC) holdings and payments.
Intermediated versus "Synthetic" Central Bank Digital Currency
Superficially, the Fed's preferred approach seems identical to the "synthetic" central bank digital currency (sCBDC) approach first recommended by Tobias Adrian back in 2019. In that approach, both bank and nonbank private-sector payment service providers can have accounts with their central banks and hold those central banks' digital liabilities.
See: Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individuals
Retail digital currency ("eMoney") is supplied exclusively by these private-sector payment service providers, but is fully backed by central bank reserves that are ring-fenced from those providers' other creditors. The result, Adrian says, is one in which the public may be said to hold and transact in central bank money "by proxy."
Adrian refers to his sCBDC plan as "a public-private partnership." It remains the case, nonetheless, that the central bank itself only supplies "wholesale" digital currency. Another article summarizing the sCBDC plan makes this especially clear. In a sCBDC arrangement, it says,
the central bank is not offering accounts to the general public but instead to private EMIs, who then use the sCBDC as a 100% backup for their e-money. This is an important difference between CBDC and sCBDC. … Similar to current e-money, [sCBDC] constitutes a claim against one specific e-money institute.
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Download the 40 page PDF 'Money and Payments: The U.S Dollar in the age of Digital Transformation' --> here
Cato Institute | Nicholas Anthony | Jan 21, 2022
After nearly a year, the Federal Reserve has finally released its discussion paper on central bank digital currencies (CBDCs). For a 40‐page document, the findings were actually rather thin. It seems the Fed is still undecided, but it is leaning towards launching a CBDC that would protect privacy without permitting anonymous use, be intermediated (or hosted) by private banks, and be easily transferable. In other words, it would be much like what already exists.
The U.S. payments system––one that does resemble that of a developing nation––is long overdue for an upgrade, but that is not to say that upgrades are not underway.
See: China’s CBDC Now Has 261 Million Users with $14 Billion in completed Transactions
Financial inclusion is a worthy goal as well, but one that similarly falls flat. The discussion paper devotes just two paragraphs to the “possible benefit of financial inclusion,” and it ultimately concludes with a request for research that would confirm the possibility. However, research already shows that the number of unbanked individuals has been declining every year. So, again, it’s possible that this is one problem that will be fixed before a CBDC is launched. Second, 75% of the unbanked say that they are simply uninterested in having a bank account. And third, two of the key reasons for being unbanked are concerns about privacy and trust. Considering the public’s trust in the government is at historic lows, it’s unlikely a CBDC will be winning any hearts. Thus, it is again unclear how much of a benefit a CBDC will be here.
Maybe it shouldn’t be such a surprise that the discussion paper was finally released considering CBDC legislation is also underway. However, it’s still unclear what the Fed has been doing since May 2021. What started as a “summer publication” soon became “expected in the fall” and then “in the coming weeks.” Now that it is finally here, it seems that the Fed and Congress have a long road ahead if they wish to justify such a program to the public. The first place they should start is in identifying how a CBDC can be anything more than a solution in search of a problem.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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US Government Accountability Office Urges Crypto Regulations to Counter Human Trafficking and Drug Cartels
Mayer & Brown |Sean P. McDonnell and Gina M. Parlovecchio | Jan 13, 2022
Overview
- On January 10, 2022, the US Government Accountability Office (“GAO”) issued an 84-page report warning of the role that virtual currencies continue to play in human and drug trafficking and urging tighter regulation of certain kinds of virtual currency transactions.
- The report specifically identifies gaps in registration requirements for virtual currency kiosks—commonly described as “Crypto ATMs”—that may hamper law enforcement’s ability to investigate money laundering, drug and human trafficking and other criminal activity.
See: SEC Regulation: Constructing a Crypto Regulatory Framework – New Tech, Old Rules
- To address this issue, GAO recommends that the Financial Crimes Enforcement Network (FinCEN) and Internal Revenue Service (IRS) review the existing registration requirements applicable to virtual currency kiosks and begin to require additional data from registered kiosk operators.
- Given GAO’s role as a key federal watchdog agency, its report is likely to further bolster ongoing efforts by the Biden administration and the US Treasury Department to implement more stringent regulations of virtual currencies across a variety of settings.
- Clients who are operating or considering operating money services businesses that facilitate virtual currency transactions should be building compliance programs and enhancing internal controls now to anticipate and prepare for increased regulatory and law enforcement scrutiny.
Looking forward
Based on the foregoing, we anticipate that FinCEN, IRS and other components of the US Treasury Department will continue to ramp up regulatory scrutiny of virtual currency exchanges and kiosk operators, including by strengthening existing MSB registration requirements. We also expect federal law enforcement agencies will devote increasing amounts of resources to examining those operators that they perceive to be skirting the rules.
See: US House Committee on Financial Services Provides Insight into Regulatory Needs of Crypto Industry
Indeed, the DOJ has already begun to criminally charge unlicensed operators of virtual currency kiosks who fail to meet FinCEN and US Treasury’s registration and reporting requirements. Clients who are operating or considering operating MSBs that facilitate virtual currency transactions should be building compliance programs and enhancing internal controls now to anticipate and prepare for this increased regulatory and law enforcement scrutiny.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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PBOC White Paper: e-CNY’s Path to Cross-Border Payments
CloudTree Ventures | Winston Ma | Jan 19, 2022
Today, China and the United States are competing and growing their technological capabilities in a wide array of sectors. The cutting-edge area of America and China’s technological war that’s been heating up recently is around who will dominate the blockchain and cryptocurrency industry.
Although China has cracked down on cryptocurrencies, shutting down all domestic crypto exchanges and banning all ICOs, blockchain technology itself is recognized as a revolutionary development by the government. In a speech October 2019 speech, Chinese President Xi Jinping declared blockchain would play “an important role in the next round of technological innovation and industrial transformation.” That marked the first major world leader to issue such a strong endorsement of the widely hyped – but still unproven – distributed ledger technology (DLT). (By contrast, most governments in the West have been far more cautious.)
See: The Good, the Bad and the Ugly of Central Bank Digital Coins (CBDCs)
Calling for blockchain to become a focus of national innovation, President Xi’s speech detailed the ways the Chinese government would support blockchain research, development, and standardization. China’s leadership position in the global competition of central bank digital currency (CBDC) is the prime example.
In April 2020, the People’s Bank of China (PBOC), China’s central bank unveiled the world’s first sovereign digital currency that is based on blockchain-like technology. (PBOC has started research and development for a digital version of the yuan, known as e-CNY, since 2014.) Since then, China has been steadily expanding its digital yuan pilot programs while also cracking down on cryptocurrencies. In July 2021, the PBOC issued a white paper detailing the current workings of the digital yuan, also referred to as the e-CNY, which is the first comprehensive disclosure of its plans.
The release of the white paper probably marks the near end of the testing phase, and the official launch may occur soon at the Winter Olympics in Beijing next year. As such, China is likely to be the first major economy to introduce a sovereign digital currency.
The rapid development of the e-CNY is only an inevitable result of China's robust digital economy. Even before the digital economy, mobile pay has grown rapidly in the last several years to become the dominant form of payment in China. Since 2020, China has been steadily expanding its digital yuan pilot programmes, given the country's rapid development of internet industries such as e-commerce and social network platforms that provide a myriad of application scenarios.
See: CBDCs 2022: China first-mover advantage
The digital yuan wallet supports several functions, including scan to pay, top-ups and money transfers. According to the white paper, as of June 2021, participants have spent 34.5 billion digital yuan ($5.3 billion) in trials. Uses include paying utility, dining, transportation, shopping, and government services. The new digit yuan would allow users to spend it even without an internet connection, and it will bring convenience to foreigners, too.
“Foreign residents temporarily traveling in China can open an e-CNY wallet to meet daily payment needs without opening a domestic bank account,” said the white paper.
That means even foreigners traveling in China can have access to the digital yuan without a domestic bank account. This is a particular benefit given the difficulties that foreigners have had using mobile payment apps like WeChat Pay (of Tencent) and AliPay (of Alibaba), because those apps must be linked to banking accounts.
Meanwhile, it’s worth noting that in its white paper, the PBOC cited the rapid growth in cryptocurrencies as a driver for research and development of the e-CNY and said that "cryptocurrencies are mostly speculative instruments, and therefore pose potential risks to financial security and social stability". This is the first time that the PBOC, in an official document, linked its sovereign digital currency issuance with cryptocurrencies’ potential challenges to the international monetary system.
According to the PBOC, “cryptocurrencies' lack of intrinsic value, acute price fluctuations, low trading efficiencies and huge energy consumption make them unfit for use in daily economic activities”.
See: China catches fraudsters using central bank digital currency for money laundering
Of course, the profound impact of e-CNY is likely to be more than China’s retail markets. Many believe the e-CNY will bolster Chinese currency's global status and eventually challenge the US Dollar’s preeminent position as the world’s reserve currency. For example, the e-Yuan could bypass western-operated cross-border payment networks, such as Swift, which the US has used to enforce sanctions.
But it’s likely a long march for the e-CNY.
“Though technically ready for cross-border use, e-CNY is still designed mainly for domestic retail payments at present.” the paper reads. For the e-CNY, its real test only starts after its official launch.
Authored by:
Winston Ma, CFA & Esq. (@Winston_W_Ma), is a Co-Founder and Managing Partner of CloudTree Ventures and an adjunct professor at the NYU School of Law. He is the former managing director and head of the North America office at China Investment Corporation (CIC), and author of Investing in China, China's Mobile Economy, The Hunt for Unicorns, and The Digital War.
This article is featured in NCFA's digital magazine, Fintech Confidential (Issue 4). Click to read the latest thought leadership, insights and trends about Fintech in Canada:
Checkout NCFA's digital magazine, Fintech Confidential (Issue 4) --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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PayPal is Exploring the Launch of its own Stablecoin
CryptoPotato | | Jan 8, 2022
PayPal Coin could be the next project that the e-payments giant presents to the world: A stablecoin backed by american…
If the market crash got you nervous and you thought the crypto industry was dead, you might want to change your mind. PayPal, the global e-payments giant, is working on developing its own cryptocurrency.
See: PayPal Will Let Customers Withdraw Crypto, Exec Says
PayPal is exploring the development of a stablecoin, possibly pegged to the U.S. dollar, although there is no information on a roadmap for the project. Speaking to Bloomberg News, Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, revealed that the endeavor was just an exploratory, yet very serious, even though there were no concrete plans for a practical implementation yet. He assured, however, that if approved, the currency would meet all necessary regulatory standards:
“We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”
PayPal Coin: Why a Stablecoin Makes Sense For PayPal
The development of a stablecoin offers certain advantages for PayPal. For example, it avoids the regulatory pressures that exist around the more volatile and decentralized cryptocurrencies, it provides peace of mind to customers that the amount they hold in their wallets will have the same value over time. It is also better suited to PayPal’s business model, which is essentially a licensed money transmitter.
See:
As regulators scrutinize stablecoins Circle pushes financial inclusion
Biden’s report on Stablecoins Misses the Mark
PayPal Coin, the (not so) creative codename of the cryptocurrency, was discovered earlier this year by Steve Moser, a software developer who in November 2021 also revealed that the code of the PayPal App had references to possible compatibility with the NEO cryptocurrency.
NEO is a smart contract blockchain developed primarily in China and was known as the Chinese Ethereum. It enjoyed a lot of popularity during the boom of 2017-2018, mainly because it was promoted as one of the first Ethereum killers. However, it failed to capture the public’s attention in subsequent years. It is currently ranked 69th in the TOP 100 cryptocurrencies with the largest market capitalization.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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